The United States faced a debt-ceiling crisis in July 2011 which resulted in a downgrade of its credit rating by rating agencies such as Standard and Poor’s, Fitch among others. In a similar vein, the Eurozone is presently battling unsolved debt woes, deepening fall in its manufacturing sectors and a decline in economic confidence. This… Continue reading Global Economic ‘Paradigm Shift’: A Lesson to ‘Developing’ Nations.